The 507.8-acre tract was purchased in 2003 for $7 million. BankAtlantic foreclosed last September. The foreclosure auction is scheduled for August 3rd. Palm Coast, FL – July 10, 2011 – [UPDATED] JX Properties’ 507.8-acre DRI (Development of Regional Impact) tract located behind the future Walmart on Old Kings Road is scheduled to be sold at […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – July 8, 2011 – Every week the Research staff analyzes key data releases and explain what they mean for you and your business. In this update, we give […]
Most single family homes sold in any month since June ’06 – Highest total dollar sales volume for single-family homes since June ’08. 2nd 1/4 data is equally strong. Credit is key for real growth. Palm Coast, FL – July 7, 2011 – The long-awaited housing market recovery is here; at least in Palm Coast […]
Giving out unsupportable mortgages was a disaster, and now the danger is overreacting and making the standards excessively high. Palm Coast, FL – July 6, 2011 Sue Stamper, a business owner in Sacramento, California, wants to buy a home. After mortgage- financiers Fannie Mae and Freddie Mac imposed the strictest loan standards in more than […]
Several jurisdictions in Florida are freezing, suspending or rolling back impact fees on new homes and commercial buildings Palm Coast, FL – July 5, 2011 – Charlotte, Highlands, and Marion counties have joined the growing list of local governments in Florida that have frozen, suspended, or rolled back impact fees on new homes and commercial […]
A weekly analysis of the economic data released during the past week, and how current economic conditions are affecting the real estate market. Palm Coast, FL – July 2, 2011 – Every week the National Association of Realtors® Research staff analyzes key data releases and explain what they mean for you and your business. In […]
Estimates have shown that the wealth effect is about 3 – 7 cents for each 1-dollar change in the equity value of the stock market. Research shows each extra dollar of housing wealth has larger impact Palm Coast, FL – July 1, 2011 Housing Wealth and Consumer Spending A wealth effect describes the […]
Palm Coast is included in the front page feature on today’s USA Today, just 4 weeks after being highlighted in a front-page Sunday Washington Post feature story. Palm Coast, FL – July 1, 2011 – Only four weeks ago, Palm Coast was highlighted in the front-page lead story in the Sunday edition of the Washington Post. That […]
75% of recent mortgage assignments are invalid. About 27% of invalid assignments are fraudulent, while 35% are robo-signed and 10% violate the Massachusetts Mortgage Fraud Statute. Palm Coast, FL – June 30, 2011 "What this means is that the degradation in standards of commerce by which the banks originated, sold and securitized these mortgages are […]
The first sign of a $3 billion fraud surfaced Jan. 11, 2000, when a Fannie Mae executive discovered Taylor, Bean & Whitaker Mortgage Corp. sold him a loan owned by someone else. Palm Coast, FL – June 30, 2011 – An explosive report from Bloomberg. The first sign of what would ultimately become a $3 […]